FOR IMMEDIATE RELEASE |
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| Patricia Buscher | CB03-195 | ||
| Public Information Office | |||
| (301) 763-3030/457-3670 (fax) | |||
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| e-mail: pio@census.gov | |||
Hospital,
Physician and Other Health and Social Assistance Revenues Reach $1.2 Trillion in 2002 |
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| The nation’s health care and
social assistance sector registered an 8 percent increase in revenues last
year for a total of $1.2 trillion, up from $1.1 trillion in 2001, the U.S.
Census Bureau said today.
Health care and social assistance (both employer and nonemployer firms) include hospitals, physicians’ offices, child and youth services, and services for the elderly and persons with disabilities. The report, 2002 Service Annual Survey: Health Care and Social Assistance Services, shows hospital (employer firms) revenues reached $507 billion in 2002, an increase of 10 percent from 2001. (See Figure A.) The major sources of payments to hospitals in 2002 were private insurance at $188 billion, up 11 percent; Medicare at $163 billion, up 10 percent; and Medicaid, $61 billion, up 8 percent. (See Figure B for distribution of payments to hospitals.) Revenues of physicians’ offices (employer firms) reached $236 billion in 2002, an increase of 8 percent. Major sources of revenues for physicians’ offices were private insurance ($115 billion, up 9 percent), Medicare ($57 billion, up 8 percent), and Medicaid ($17 billion, up 13 percent). (See Figure C for distribution of revenues of physicians’ offices.) Estimates contain sampling and nonsampling errors. To keep the identity of individual firms confidential, some estimates may be suppressed. Users who make their own estimates, based on the survey estimates, should cite the U.S. Census Bureau as the source of the original estimates only. See <http://www.census.gov/econ/www/servmenu.html> for measures of sampling variability and other survey information. |
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| -X- Figure A - Total Hospital Revenues, 1998 - 2002
Figure B - Hospital Revenue Sources
Figure C - Physician' Offices Revenue Sources
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